Archive | Forex Trading

Forex Trading in Malaysia

The Star Newspaper has recently written an article about Forex trading in Malaysia titled Risk or Opportunity. You can check out the article here. What I find interesting is The Star cited Yeo Chin Tiong, Head of Financial Markets for Alliance Bank Malaysia Bhd as saying

“Bank Negara has liberalised many of its policies, including allowing individuals to open foreign currency accounts (even joint accounts) with any authorised bank.”

I’m not sure if I read correctly.

Bank Negara allows individuals to open Forex accounts with authorised banks. So all these while, Forex is legal in Malaysia. I wonder what was the fuss about way back about Forex Trading being banned and so on.

Apparently,  Alliance bank is also offering Forex Trading services to individual traders as cited here

“Two foreign currency-related products offered by Alliance are the (single) foreign currency account, and the dual-currency investment (DCI). Minimum investment for the foreign currency account is 5,000 (of the foreign currency, for example US$5,000). The DCI, however, requires a minimum investment of RM250,000 for individuals with nett assets below RM3mil. For individuals with net assets exceeding RM3mil, they can invest any amount in the DCI.”

So Malaysians, there you have it. A proof that Forex is legal. You don’t need to trade in the dark and watch your back afraid that you might get caught by the cops or the local financial authorities. Just make sure you do things in a law abiding manner and if you do profit, don’t forget to pay your taxes.

Look, Bank Negara Malaysia is not quite bad actually. They don’t play good cop bad cop anymore. Check out the video below. It’s propaganda but I believe very effective at convincing the public about the importance of monitoring and check and balance:

 

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Designing The Next 10 Years of Your Life

Hello my fellow readers,

This blog post is inspired by my mentor and someone I respect dearly, Jim Rohn. He is the father of personal development and I truly enjoy his teachings and philosophy. In fact, the road that I am in now, Forex Trading was because of his teachings.

Jim Rohn used to say “Work on yourself more than you work on your job”. That was a classic saying. If you work on yourself harder than if you work on your job, sooner or later, you are going to make a fortune.

How do you see yourself in the next 10 years? If you are 30, what will you be when you are 40? Will you be rich? Are you going to be dead-broke? Are you already dead? Or will things just remain the same as it was?

What’s it going to be?

The most powerful teaching that Jim Rohn ever inspired unto me was “make a list of the things that you want in the next 10 years”. That was powerful!

I made that list. I set goals. I did not want to become broke and lonely when I’m 40.

That is the reason why I learned how to trade Forex. I had to. I want a secure future for myself and my family. A job cannot provide that.

Are you also in the same shoes as I was a few years back? I was desperate to find an alternative source of income..

Thank God for Forex!

Forex Trading is a skill to make money. It involves knowledge..lots of it and skills. You need to understand technology, money management, strategy, the currency market, technical analysis, and a whole lot more.

But the journey is worth it.

If you are struggling to profit in Forex Trading, listen to me..It’s not you. There is nothing wrong with you. Perhaps your only mistake was that you listened to the wrong advice, or you joined a terrible Forex Broker, or maybe you are not skilled yet in the field.

But if you seek hard enough, you will find.

And your search is about to end because…

I’m offering you an opportunity right now to learn Forex Trading the right way with one of the best forex brokers in Malaysia, FxPRIMUS and take advantage of their revolutionary Forex training program, FxPRIMUS Coach.

FxPRIMUS Coach

What is so special about FxPRIMUS Coach? Well, you success in Forex depends on it!

To profit in Forex, you need one thing and one thing only: knowledge. FxPRIMUS Coach will help you gain that knowledge. It will guide you from a total beginner to a profitable Forex trader within 2 months!

With knowledge, you will have the confidence to tackle the Forex market without fear..I’m telling you..It’s true!

If you wish to become a profitable Forex Broker, then this is it. I suggest that you check out FxPRIMUS Coach today.

 

To your success,

Forex Trading Malaysia

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Forex Profit Predictor Review

John Halpin is about to release a new forex trading software called Forex Profit Predictor in January 23rd,2012.

There is a lot of hype about this product at the moment but one thing is for sure, you won’t know if Forex Profit Predictor will actually work until you try it.

What is the Forex Profit Predictor?

The Forex Profit Predictor claims that it can help you generate massive gains in the Forex markets. One of John Halpin’s student, Derek Frey who is totally new in using the software applied the Forex Profit Predictor in his trades for 5 months. He saw a total jump of 680% in a live account.

Forex Profit Predictor is actually based on a technology in Rocket Science that is applied in the Forex market.

Here are a few notable events that has been accurately predicted by this software:

  • Clearly projecting the bottom in the Dow in the spring of 2003 (in the March 2003 issue of Futures Magazine).
  • That the multi-year bull move in the stock market might be ending (July 2007/ Futures Magazine)
  • and successfully predicted the subsequent downtrend that followed roughly 16 months BEFORE it occurred.
  • and in the April 2008 the model called for the May high and a subsequent drop thereafter.
  • It helped an executive of a major Wall-Street brokerage firm turn $700,000 into over $10 Million using these signals in a year.

If you want to increase profit in your trades, perhaps you can check out Forex Profit Predictor. Click here to go the Forex Profit Predictor official website.

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